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The following trial balance of Metlock Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal balance.

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The following trial balance of Metlock Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $92. (c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $2.640 and $6.790, respectively. (d) A debit posting to Advertising Expense of $307 was omitted. (e) A $1,370 cash drawing by the owner was debited to Owner's Capital and credited to Cash Metlock Company Trial Balance April 30, 2020 Debit Credit Cash $4,360 Accounts Receivable 2,460 766 Prepaid Insurance Equipment $7,310 4,280 Accounts Payable Property Tax Payable 545 Owner's Capital 10,295 Service Revenue 6,970 Salaries and Wages Expense 4,281 Advertising Expense 1.110 Property Tax Expense 860 $20,492 $22,745 Prepare a correct trial balance

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